Kingfish Limited has announced a pro rata offer of warrants to shareholders, with the aim of raising capital and increasing the size of the portfolio.
On the record date of 5 July 2023, shareholders will be issued one warrant for every four shares held, with the warrants being allotted on 6 July 2023.
Each warrant gives shareholders the right to subscribe for one additional ordinary share in Kingfish on the exercise date of 26 July 2024, with the exercise price to be calculated and advised to warrant holders at least six weeks before the exercise date.
The warrants are expected to be quoted on the NZX Main Board from 7 July 2023.
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